Three Basic Economics Questions Jeanett Martinez

Producers, whether it is a individual company or a whole society must decide what they will produce. Therefore; one of the basic question is " What Will Be Produced? "
All economic system must determine how goods and services will be produced, so they should take in consideration resources to use and the size they are going to use. In that case, second basic question is " How To Produce? "
All economic system must determine whether their good and services will be available for public use or for private use. Many times if the company is small they make it provate for themselves, but if its a huge company they make sure they mamke it public for everyone can hear about it. Therefore, the third question is " For Whom Will It Be Produced? "

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